BHEL Net Profit Up 3.92 Per Cent At Rs 80.82 Crore In First Quarter

State-run power equipment maker BHEL has posted a 3.92 per cent jump in standalone net profit to Rs 80.82 crore for the quarter ended June 30, 2017.

The company had reported a standalone net profit of Rs 77.77 crore for the quarter ended June 30, 2016, BHEL said in a BSE filing on Thursday.

Overall income rose to Rs 6,194.21 crore for the quarter ended June, from Rs 6,070.21 crore in the year-ago period.

The company has outstanding order book position of Rs 1,01,380 crore as on June 30, 2017.

The company said that maintaining the positive trend of 2016-17, it has reported a growth in profitability.

For the standalone first quarter of FY 2017-18, it reported a turnover of Rs 5,607 crore, almost similar to the corresponding quarter’s figure, it added.

At a meeting held today, its board of directors has recommended the issue of bonus shares in the ratio of 1 bonus share of Rs 2 against 2 existing equity shares of Rs 2, subject to approval of shareholders.

“Maintaining the growth momentum has been made possible by a slew of strategic initiatives and cost optimisation measures put in place by the management,” Atul Sobti, Chairman and Managing Director, BHEL, told PTI. Read more